THE BOURSE WHISPERER: Alto Metals has lodge a Mining Lease Application (MLA) over the Indomitable Camp deposits at the company’s Sandstone gold project in Western Australia.
Alto Metals has lodged the application, confident of a positive outcome to the current Scoping Study being carried out on the deposits.
Results from aircore drilling programs in 2017 and 2018 have led Alto to consider there to be an opportunity to commence open pit mining operations over several shallow oxide and primary gold deposits in the project’s Indomitable and Vanguard Camps.
“Alto has commissioned Carras Mining Pty Ltd to undertake Mineral Resource estimates of Tiger Moth, Piper, Indomitable and Vanguard, to form the basis of scoping study,” Alto Metals said in its ASX announcement.
“In anticipation of a positive outcome, and to minimise any delay, Alto has lodged a Mining Lease application over the Indomitable Camp deposits with the Department of Mines, Industry Regulation and Safety (DMIRS).
“Over the September Quarter of 2018, Alto expects to undertake drilling to collect samples for metallurgical testwork and other studies and will investigate processing options.
“The testwork and studies will occur in parallel with continued drill testing and exploration of a number of advanced gold-in-soil and litho-structural targets.”